Looking to diversify beyond SCSAX? The mutual funds below have the lowest correlation with SCSAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SCSAX.
Best Diversifiers for SCSAX
2 mutual funds have low correlation with SCSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.15 | 0.14 | 0.14 | 98 | Ultrashort Bond | SCSAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.26 | 0.18 | 0.16 | 83 | Short-Term Bond | SCSAX vs SSHIX | |
| Victory Trivalent International Small-Cap Fund Cla... | 0.68 | 0.69 | 0.74 | 53 | Mid Cap Blend Equities, Foreign Small & Mid Cap Equities | SCSAX vs MISIX | |
| Quantified Common Ground Fund | 0.72 | 0.79 | 0.78 | 56 | Mid Cap Blend Equities | SCSAX vs QCGDX | |
| Allspring Disciplined U.S. Core Fund | 0.73 | 0.75 | 0.83 | 75 | Large Cap Blend Equities | SCSAX vs EVSAX |
See all 20 diversifiers for SCSAX
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